GM Lordstown acquired by electric vehicle corporation
The future of the GM Lordstown plant has become a little bit clearer as 21 News has learned that the plant has been acquired by an outside company.
General Motors announced Thursday that electric-truck startup Lordstown Motors Corporation run by former Workhorse CEO Steve Burns has been sold the plant.
The plant was officially shuttered last month when GM and the UAW finally came to a contract agreement after nearly one month on strike.
According to Lordstown Mayor Arno Hill, he got a call from GM about 1 p.m. Thursday saying that the sale was expected to go through.
He said GM will still have a hand in the facility until the financing is secured, but he hears production should take place by the end of 2020.
GM released this statement regarding the sale of the plant.
"GM is committed to future investment and job growth in Ohio and we believe LMC's plan to launch the Endurance electric pickup has the potential to create a significant number of jobs and help the Lordstown area grow into a manufacturing hub for electrification."
Meanwhile, State Senator Sean O'Brien is optimistic about the sale.
“Today’s news is encouraging. There is a lot of potential for the Lordstown Motors project, and this represents an important first step in the development of an all-electric truck fleet in our community. In the weeks and months to come, I will continue to work closely with Steve Burns, Governor DeWine, JobsOhio, Sens. Obhof, Yuko and Rulli, Rep. O’Brien and our local leaders to bring this project to fruition.
“This project with Lordstown Motors could offer great opportunity for research and development, ancillary business development and continued revitalization in the Valley. The Valley is in a transformational phase and this announcement further shows that we’re open for business.”
On Lordstown Motors' website, the company is ramping up support for Ohio manufacturing with #RideWithLordstown. The company plans to build electric fleet vehicles and electric pickup trucks.
"We’re honored to have the opportunity to build electric vehicles in Lordstown because the people and the Lordstown plant are the history and future of the auto industry. Lordstown Motors will be the name on the vehicles, but what will keep us running long into the future will be the talent, experience, and hard work of the people who call Northeast Ohio home."
Valley Congressman and former presidential candidate Tim Ryan also released a statement on the sale.
“I am very encouraged that the Lordstown plant has been acquired by Lordstown Motors Corporation. I am extremely proud of the men and women who helped build the General Motors brand of vehicles at the Lordstown Complex. Electric vehicles are the future of transportation, and my goal is to make sure these vehicles are built right here in Northeast Ohio. I will continue to fight to bring jobs back to this facility and the district—which has and will always be my top priority. I stand ready to help this new company start building electric trucks in the Valley and put Northeast Ohioans back to work. In addition to building electric vehicles, I am also working to ensure that Northeast Ohio is at the forefront of electric vehicle components such as batteries and fuel cells."
Ohio Governor Mike DeWine tweeted about the sale:
It's been nearly one year since the announcement was made to idle the Lordstown plant.
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